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BoB leaves bank rate at 10%

The Bank of Botswana (BoB) has once again left the benchmark bank rate unmoved at 10 percent on the back of a favourable inflation outlook.

In its second last sitting of the year on Tuesday, BoB’s Monetary Policy Committee (MPC) proved its commitment to the neutral monetary policy stance where interest rates, which have not changed since the beginning of the year, are kept low in a bid to help the economy rebound from last year’s crisis.

In a statement released by its Head of Communications, Andrew Sesinyi, the central bank says the current state of the economy and assumptions on both the domestic and [continue reading]